In 2022-23, India’s LPG consumption was 28.5 million tons (MT) and production was 12.8 MT. At over 41.1 percent, LPG imports accounted for the largest share of petroleum product imports in 2022-23. Domestic
Rapid urban growth in developing countries has created an unprecedented demand for energy services. Cities face the enormous challenge of improving energy access to urban communities in order to improve
The government on Tuesday stated that it has agreed in principle to deregulate diesel prices. Minister of state for finance Namo Narain Meena, in a written reply to the Rajya Sabha, said on Tuesday that the government is, however, not considering a similar proposal for cooking gas. The minister said the “government has, in principle, agreed to make the prices of diesel market-determined”. Though petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel. The minister, however, added that the government continues to fix the price of diesel in order to shield the common man from the impact of rising crude oil prices and the resulting inflation.
New Delhi Consumers could prepare for shortages in auto and cooking fuel supplies. Oil retailers IOC, HPCL and BPCL have informed the government that if their losses from selling fuel below cost are not adequately compensated, “it may adversely impact the supply-demand balance of petroleum products,” Minister of state for petroleum and natural gas R.P.N. Singh told Rajya Sabha on Tuesday.
New Delhi The government today said it has agreed in-principle to the deregulation of diesel prices, but is not considering similar proposal for the cooking gas. "Government has, in principle, agreed to make the prices of diesel market determined," Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.
‘Or cut excise duty and compensate our loss' Fed up with the Centre's “indecision” on allowing an increase in fuel prices in the face of rising international crude prices, the oil marketing companies (OMCs) on Tuesday virtually threatened to increase petrol prices by Rs. 8.04 a litre. They said the government should either cut the excise duty on petrol and give them Rs. 49 crore a day in compensation or face a sharp price hike.
Estimates point to 4-year-high of 4.9% rise in petroleum product sale trend likely to continue, says PPAC The country’s diesel consumption rose a massive 11.9 per cent in 2011-12, leading to an expected 4.9 per cent growth in the sale of petroleum products in the just-ended financial year. That will mark a four-year-high growth, which is significantly above 2.9 per cent in 2010-11. The government’s projection for FY12 was 4.58 per cent.
Chandy to launch solar lighting project today The Department of Prisons is all set to go green with solar lighting systems to be installed in the Central Prison in the city. Chief Minister Oommen Chandy
New Delhi In what could give a reprieve to consumers who have been fearing another hike in petrol price, the government has decided to put the proposal in abeyance. According to official sources, oil marketing
New Delhi The Petroleum ministry has sought an additional R40,000 crore in cash subsidies for the current fiscal to compensate fuel retailers for losses incurred on diesel and cooking fuels, even as oil minister S Jaipal Reddy gave no indication of a fuel price revision soon. Oil secretary GC Chaturvedi said state-owned fuel retailers are projected to lose close to R137,524 crore on selling diesel, domestic LPG and kerosene this fiscal.
The Maharashtra government is set to implement some harsh monetary steps from next month, as finance minister Ajit Pawar envisaged a raise in tax rates across sectors in the 2012-13 budget presented on Monday. The proposals are expected to mobilise an additional Rs 600 crore, and make the state revenue-surplus by Rs 152.5 crore by the end of the coming financial year.
